Tag

crypto

Browsing

So everyone seems to think Axie Infinity is the “next big thing” in crypto. After all, it’s making more money than ethereum and bitcoin right now. But I think it’s going to fail. Here’s why. Yes, it’s growing like crazy right now. The game has 300k daily active players, 30x growth from beginning of the year. Revenue is higher than all projects combined in DeFi. The value prop for users is you can make money…

Crypto pundits: “Short-term price doesn’t matter. Just buy & hodl forever!” If you follow that blindly, you will get rekt. Not convinced? Look at these shocking lessons from the dot-com bubble👇 1. Yes, the tech was exponential. The number of internet users grew at a compound rate of over 20% a year since 1995. Now reaching half of world population. Since the 1990s there hasn’t a single year where the growth rate was not positive.…

If you are new to crypto, here is a list to help you think about if you should invest in ETH. Everyone can see the upside. But what’s the downside? Baggages! Oh they are heavy. ETH infrastructure now is not set up to scale. Upgrade to ETH2 is supposed to boost transactions per sec from 25 to 100k. This is expected to happen end 2021 to early 2022. This is no small task. If major…

No I’m not exiting blockchain investments. The industry will 20x in the next decade and more. I’m only exiting bitcoin. Before the maxies dunk on me, I’m not saying bitcoin would go to zero. It won’t. It would probably go up, a lot. But that doesn’t change what I’m saying below. If you’re a farmer, you 1) collect this year’s harvest —> 2) use that money to buy seeds, fertilizers, machines —> 3) plant more…

Was reading the excellent memo on value vs growth by @howardmarksbook, and thought abt how his insights may apply to crypto, and investing in exponential trends in general 👇 (Texts in images from Howard Marks. Comments mine.) 1) First, low price tag doesn’t mean something is a bargain. High valuation doesn’t automatically equal a bubble. All depend on how you expect future growth path to play out. Don’t dismiss the entire crypto market off hand…